Dedicated to Deposits: Deals, Data, and Discussion

5.00% 12-Month / 5.00% 6-Month CD at a California Bank (Temecula Valley).

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Update 1/15/08: The yield on this special CD has fallen to 4.80% APY.

Temecula Valley Bank is having a New Year CD Special with a 5.00% APY CD. Terms are 6 and 12 months. Minimum deposit is $10,000. Funds must be new to the bank. The offer is available until 1/31/2008.

5.00% is not the best rate for 12 and 6 month terms, but it is competitive in today's rate environment. The top 12-month yield in my last weekly summary is 5.15% APY. For those in the Los Angeles County, a reader just informed me that LA Financial Credit Union is still offering a 5.75% APY 13-month CD special with checking and direct deposit (5.25% without). Please see this post for more details.

Branches are located in the California cities of Temecula, Murrieta, Corona, Carlsbad, El Cajon, Escondido, Fallbrook, Rancho Bernardo, San Marcos, Solana Beach and Ontario. The bank has been FDIC insured since 1996 (Certificate # 34341). It has $1.3 billion in assets and $1.15 billion in deposits based on 9/30/07 data. The bank has a 4 out of 5 star rating (sound) at Bankrate based on 9/30/07 data.
  Tags: California, CD rates

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Comments
2 comments.
Comment #1 by Anonymous posted on
Anonymous
Please note this rate has changed to 4.80% APY.

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the update. I'm surprised to see them cut the rate since it was scheduled to end on the 31st.

1